Recognise Bank provides £1,500,000 Bridging Loan in just 28 days
Recognise Bank is pleased to announce the successful completion of a £1,500,000 bridging loan deal for David Samuel Properties, a prominent property investment and management company based in the North West. The bridge loan facilitated the acquisition of a part-vacant modern office building situated on one of the premier business parks in Harrogate. Following the […]
Recognise Bank facilitates over £800,000 in Bridging Loans for Commercial and Residential Properties
Recognise Bank is proud to announce the provision of bridging loans for commercial and residential properties in Nottinghamshire, totalling over £800,000. The loans utilised an existing commercial property as makeweight security, allowing 100% funding for a complex residential purchase. The Bank’s highly experienced relationship team provided a responsive and fluid service to facilitate five separate […]
Recognise Bank Provide £1.37M Bridging Loan For High-Spec Lancashire Residential Project
Recognise Bank is proud to announce the provision of a bridging loan totalling £1,378,000 to enable repayment of development funding on a completed residential project. The bank’s client, William Thompson Homes – an experienced house builder, had recently completed the construction of a new housing development of seven high-spec executive houses in Goosnargh, Preston, with […]
Recognise Bank Facilitates £7.5 Million Bridging Loan for Innovative Canary Wharf Co-Living Project
Recognise Bank is thrilled to announce the approval of a Bridging Loan amounting to £7,500,000. The loan has been extended to support the costs associated with a visionary project following the signing of a long leasehold agreement. Currently, the site in Canary Wharf comprises a vacant office block, with plans in place for its demolition […]
Recognise Bank Enjoys Bridging Success in Cumbria
Recognise Bank ended another successful year with the provision of three bridging loans, to three separate Cumbrian families introduced by a key brokerage – Lakeland Commercial Finance, based in Kendal. All three loans were originated by Ian Fields, Business Development Manager in the bank’s Manchester office who has fostered a successful relationship with experienced broker […]
Recognise Bank secures loan for Cardiff office investment
Gareth Morgan and Jason Jones approached brokers, Cornerstone Commercial Finance, looking to acquire a three-story office building located in Cardiff Gate Business Park. With the property priced at £900,000, the brokers were tasked with securing funding for Gareth and Jason’s newly formed company, GLJ Properties, within ten weeks. The offices to be purchased were also […]
Recognise provides bridging funding for green housing project
Bridging finance is a good option for borrowers looking for more flexibility with their funding, if, for example, they are managing a number of different property projects at one time. For an experienced property developer working on a major green housing development in Cambridgeshire, a Recognise Bank bridging loan helped them progress with the overall […]
Recognise helps property investor rejuvenate local high street
Sam was a prospective commercial landlord looking to invest in the area near where he grew up, North Cheshire, by buying a commercial premises that was home to two successful businesses. However, his broker realised there were two major factors working against Sam if they approached a mainstream lender: his age and his seeming lack […]
Supporting business cashflow during the pandemic
The Professional Indemnity Insurance market has hardened considerably over recent years with fewer insurers in the market and professional design practices in the property and construction sectors seeing huge hikes in the cost of their premiums over the last three years. With premiums now costing between 3% to 5% of a company’s turnover, the challenge […]
